GZWRC(SH:600992)2021-08-27 16:00Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,096,230,607.55, representing a 16.17% increase compared to CNY 943,606,701.53 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 14,133,411.41, an increase of 11.91% from CNY 12,629,216.85 year-on-year[18]. - The net profit after deducting non-recurring gains and losses was CNY 10,804,607.62, which is a significant increase of 45.50% compared to CNY 7,425,693.15 in the previous year[18]. - Basic earnings per share for the first half of 2021 were CNY 0.0577, up 12.04% from CNY 0.0515 in the same period last year[19]. - Operating costs rose to CNY 950,680,298.73, reflecting a 17.91% increase from CNY 806,244,829.93 year-on-year[45]. - Research and development expenses surged by 587.44% to CNY 29,697,613.31, up from CNY 4,320,009.50 in the previous year[45]. - The company reported a financial expense of CNY 4,686,651.96, which is an increase from CNY 2,407,739.45 in the first half of 2020, indicating higher borrowing costs[114]. - The company recorded a total comprehensive income of CNY 5,122,992.00 for the first half of 2021, compared to CNY 12,869,216.85 in the first half of 2020[122]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 270.04%, resulting in a negative cash flow of CNY -17,276,510.24, primarily due to rising raw material prices and increased employee social security payments[20]. - The cash and cash equivalents decreased to CNY 679,200,213.46 from CNY 760,822,571.50, indicating a reduction in liquidity[112]. - The total cash outflow from operating activities was CNY 743,132,225.37, resulting in a net cash flow from operating activities of CNY -17,276,510.24, compared to CNY 10,159,971.15 in the first half of 2020[117]. - The company reported a net decrease in cash and cash equivalents of CNY -99,498,888.03, contrasting with an increase of CNY 26,819,432.71 in the first half of 2020[118]. - The ending balance of cash and cash equivalents was CNY 514,836,449.12, down from CNY 604,881,168.36 at the end of the first half of 2020[118]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,253,251,482.89, reflecting a 9.95% increase from CNY 2,958,934,575.31 at the end of the previous year[18]. - The company's total liabilities increased to CNY 1,807,465,183.31 from CNY 1,518,271,267.73, reflecting a rise in both current and non-current liabilities[112]. - The company's total non-current assets totaled CNY 1,001,314,073.43 as of June 30, 2021[196]. - The company has a long-term loan liability of CNY 205,000,377.59[197]. Production and Capacity - The company has an annual production capacity of nearly 400,000 tons of steel wire ropes, positioning it among the world's leading manufacturers in this sector[33]. - A total of 62 new projects were initiated in the first half of 2021, with 113 projects currently under research[37]. - The company has acquired 1,266.3 acres of land for its new district relocation project, which is expected to achieve a production capacity of 550,000 tons[41]. - The overall relocation project will facilitate the movement of over 1 million tons of products and raw materials[41]. Research and Development - The company has applied for 498 patents, with 203 patents granted, including 1 invention patent during the reporting period[28]. - The company is recognized as a national high-tech enterprise and has been involved in various technology innovation projects, including the development of specialized steel wire ropes for aerospace applications[31]. - The company is focusing on expanding its market presence in high-end segments, particularly in marine engineering and aerospace industries[33]. Environmental Compliance - The company holds a pollution discharge permit valid until April 25, 2023, with a total annual discharge limit for sulfur dioxide set at 50 tons, particulate matter at 20 tons, and nitrogen oxides at 200 tons[59]. - The company has implemented a zero discharge policy for wastewater, with all treated water being reused[61]. - The company has achieved compliance with national emission standards for air and water pollutants[58]. - The company has conducted regular environmental quality monitoring to ensure pollutant emissions are within the required limits[72]. Social Responsibility - The company has established a leadership group for rural revitalization and poverty alleviation, emphasizing political responsibility and task delegation[84]. - The company has actively supported its stationed village cadres with insurance and health checks, demonstrating its commitment to social responsibility[86]. - The company has focused on promoting the cultivation of high-yield crops to replace less efficient ones, aiming to increase residents' income[89]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 25,118[102]. - The largest shareholder, Guizhou Steel Rope Group, holds 57,489,818 shares, accounting for 23.46% of the total shares[103]. - The company proposed a cash dividend of 0.37 CNY per 10 shares, totaling 9,068,330.00 CNY distributed to shareholders[55].